Banc Funds 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
1st Capital Bank	Common	31944C107	2,303	230,533	SH		SOLE		230,533	0	0
1st Colonial Bancorp	Common	319716106	2,044	454,150	SH		SOLE		454,150	0	0
1st Constitution Bancorp	Common	31986N102	7,972	601,656	SH		SOLE		601,656	0	0
Alerus Financial Corporation	Common	01446U103	3,552	215,000	SH		SOLE		215,000	0	0
Allegiance Bancshares, Inc.	Common	01748H107	7,271	301,561	SH		SOLE		301,561	0	0
AMB Financial Corp.	Common	001984103	1,106	78,750	SH		SOLE		78,750	0	0
American Business Bank	Common	02475L105	9,223	405,596	SH		SOLE		405,596	0	0
American Riviera Bank	Common	02932A106	4,040	336,640	SH		SOLE		336,640	0	0
Avidbank Holdings, Inc.	Common	05368J103	8,488	530,504	SH		SOLE		530,504	0	0
Bank of Botetourt	Common	063907208	966	42,005	SH		SOLE		42,005	0	0
Bank of Commerce Holdings	Common	06424J103	4,737	601,866	SH		SOLE		601,866	0	0
Bank of Fincastle	Common	062113105	1,135	506,486	SH		SOLE		506,486	0	0
Bank of Princeton	Common	064520109	6,592	283,521	SH		SOLE		283,521	0	0
Bank of Santa Clarita	Common	06424K100	358	48,319	SH		SOLE		48,319	0	0
Bank of Southern California, N. A.	Common	065104101	6,776	773,465	SH		SOLE		773,465	0	0
Bank of the James Financial Group, Inc.	Common	470299108	1,569	179,369	SH		SOLE		179,369	0	0
Bankwell Financial Group, Inc.	Common	06654A103	4,950	324,393	SH		SOLE		324,393	0	0
Bay Banks of Virginia, Inc.	Common	072035108	3,469	635,322	SH		SOLE		635,322	0	0
BCB Bancorp, Inc.	Common	055298103	4,152	389,860	SH		SOLE		389,860	0	0
Beach Community Bancshares, Inc.	Common	07332T100	4,500	900,000	SH		SOLE		900,000	0	0
Blue Ridge Bankshares, Inc.	Common	095825105	3,589	225,000	SH		SOLE		225,000	0	0
Blueharbor bank	Common	095613105	97	10,800	SH		SOLE		10,800	0	0
Boston Private Financial Holdings, Inc.	Common	101119105	12,247	1,712,893	SH		SOLE		1,712,893	0	0
Bridge Bancorp Inc.	Common	108035106	5,029	237,689	SH		SOLE		237,689	0	0
Bridgewater Bancshares, Inc.	Common	108621103	2,746	281,652	SH		SOLE		281,652	0	0
Business First Bancshares, Inc.	Common	12326C105	7,090	525,149	SH		SOLE		525,149	0	0
Byline Bancorp, Inc.	Common	124411109	8,601	829,365	SH		SOLE		829,365	0	0
California BanCorp	Common	13005U101	5,574	474,362	SH		SOLE		474,362	0	0
Cambridge Bancorp	Common	132152109	6,233	119,870	SH		SOLE		119,870	0	0
Capital Bancorp, Inc.	Common	139737100	867	69,222	SH		SOLE		69,222	0	0
Carolina Financial Corporation	Common	143873107	3,245	125,441	SH		SOLE		125,441	0	0
Cashmere Valley Bank	Common	14756K102	2,462	57,198	SH		SOLE		57,198	0	0
CCB Financial	Common	19046P209	1,051	100,000	SH		SOLE		100,000	0	0
CenterState Bank Corporation	Common	15201P109	5,513	319,976	SH		SOLE		319,976	0	0
Central Valley Community Bancorp	Common	155685100	570	43,678	SH		SOLE		43,678	0	0
Centric Financial Corporation	Common	15641J101	5,505	791,006	SH		SOLE		791,006	0	0
Century Bancorp, Inc.	Common	156432106	378	6,079	SH		SOLE		6,079	0	0
Century Financial Corporation	Common	15652L102	2,294	127,446	SH		SOLE		127,446	0	0
Chino Commercial Bancorp	Common	16957L102	1,404	147,926	SH		SOLE		147,926	0	0
Citizens Bancorp	Common	172950107	1,671	123,749	SH		SOLE		123,749	0	0
Citizens Community Bancorp, Inc.	Common	174903104	3,888	602,825	SH		SOLE		602,825	0	0
CNB Corporation	Common	12612R105	941	12,551	SH		SOLE		12,551	0	0
CNB Financial Corporation	Common	126128107	4,407	233,537	SH		SOLE		233,537	0	0
Coastal Carolina Bancshares, Inc.	Common	190435107	1,875	288,461	SH		SOLE		288,461	0	0
CoastalSouth Bancshares, Inc.	Common	19058X207	2,298	204,249	SH		SOLE		204,249	0	0
Codorus Valley Bancorp, Inc.	Common	192025104	10,827	672,507	SH		SOLE		672,507	0	0
Commencement Bank	Common	20051L109	3,086	323,133	SH		SOLE		323,133	0	0
Communities First Financial Corporation	Common	20344D104	2,116	91,994	SH		SOLE		91,994	0	0
Community Bancorp of Santa Maria	Common	20344R103	1,997	202,348	SH		SOLE		202,348	0	0
Community Bank of the Bay	Common	203485107	3,495	706,007	SH		SOLE		706,007	0	0
Community Bankers Trust Corporation	Common	203612106	477	98,297	SH		SOLE		98,297	0	0
Community Financial Corporation	Common	20368X101	3,857	174,532	SH		SOLE		174,532	0	0
Community First Bancorporation	Common	203916101	292	41,744	SH		SOLE		41,744	0	0
Community Heritage Financial Inc.	Common	20370L103	1,510	79,474	SH		SOLE		79,474	0	0
ConnectOne Bancorp, Inc.	Common	20786W107	6,800	505,988	SH		SOLE		505,988	0	0
County Bancorp, Inc.	Common	221907108	4,447	240,370	SH		SOLE		240,370	0	0
CrossFirst Bankshares, Inc.	Common	22766M109	12,350	1,470,289	SH		SOLE		1,470,289	0	0
Crystal Valley Financial	Common	22941P100	621	13,000	SH		SOLE		13,000	0	0
Dime Community Bancshares, Inc.	Common	253922108	5,616	409,600	SH		SOLE		409,600	0	0
Eagle Bancorp, Inc.	Common	268948106	4,948	163,777	SH		SOLE		163,777	0	0
Eagle Financial Services Inc.	Common	26951R104	1,300	54,365	SH		SOLE		54,365	0	0
Embassy Bancorp, Inc.	Common	290791102	1,678	151,137	SH		SOLE		151,137	0	0
Emclaire Financial Corp.	Common	290828102	1,305	55,599	SH		SOLE		55,599	0	0
Empire Bancorp Inc.	Common	291617108	482	49,188	SH		SOLE		49,188	0	0
Enterprise Bancorp, Inc.	Common	293668109	8,582	317,955	SH		SOLE		317,955	0	0
Equity Bancshares, Inc.	Common	29460X109	3,461	200,656	SH		SOLE		200,656	0	0
ES Bancshares, Inc.	Common	296049109	1,392	361,445	SH		SOLE		361,445	0	0
Farmers & Merchants Bancorp	Common	307795104	1,019	1,487	SH		SOLE		1,487	0	0
Fauquier Bancshares, Inc.	Common	312059108	415	30,177	SH		SOLE		30,177	0	0
FB Financial Corp.	Common	30257X104	1,499	76,000	SH		SOLE		76,000	0	0
FedNat Holding Company	Common	31431B109	500	43,568	SH		SOLE		43,568	0	0
Fentura Financial, Inc.	Common	314645102	4,236	273,270	SH		SOLE		273,270	0	0
FineMark Holdings, Inc.	Common	31788B108	4,410	210,000	SH		SOLE		210,000	0	0
First Advantage Bancorp	Common	31848L104	1,243	70,000	SH		SOLE		70,000	0	0
First Bancshares, Inc.	Common	318916103	11,112	582,681	SH		SOLE		582,681	0	0
First Bank	Common	31931U102	9,197	1,325,264	SH		SOLE		1,325,264	0	0
First Business Financial Services	Common	319390100	11,160	720,023	SH		SOLE		720,023	0	0
First Choice Bancorp	Common	31948P104	10,213	680,419	SH		SOLE		680,419	0	0
First Citrus Bancorporation, Inc.	Common	31959T102	438	23,695	SH		SOLE		23,695	0	0
First Farmers and Merchants Corporation	Common	320148109	479	12,500	SH		SOLE		12,500	0	0
First Foundation Inc.	Common	32026V104	15,981	1,563,684	SH		SOLE		1,563,684	0	0
First Guaranty Bancshares, Inc.	Common	32043P106	515	35,663	SH		SOLE		35,663	0	0
First Home Bancorp, Inc.	Common	32050L105	824	89,062	SH		SOLE		89,062	0	0
First Internet Bancorp	Common	320557101	3,907	237,950	SH		SOLE		237,950	0	0
First National Corporation	Common	32106V107	364	24,255	SH		SOLE		24,255	0	0
First Northern Community Bancorp	Common	335925103	6,461	761,059	SH		SOLE		761,059	0	0
First of Long Island Corp.	Common	320734106	301	17,341	SH		SOLE		17,341	0	0
First Reliance Bancshares, Inc.	Common	33615Q100	466	84,792	SH		SOLE		84,792	0	0
First Virginia Community Bank	Common	36120Q101	493	37,000	SH		SOLE		37,000	0	0
First Western Financial, Inc.	Common	33751L105	8,671	613,207	SH		SOLE		613,207	0	0
Flagstar Bancorp, Inc.	Common	337930705	942	47,482	SH		SOLE		47,482	0	0
FNS Bancshares, Inc.	Common	30253F107	1,748	23,950	SH		SOLE		23,950	0	0
Foresight Financial Group, Inc.	Common	345526107	3,837	139,524	SH		SOLE		139,524	0	0
Franklin Financial Network, Inc.	Common	35352P104	1,665	81,662	SH		SOLE		81,662	0	0
Franklin Financial Services Corp.	Common	353525108	2,495	90,901	SH		SOLE		90,901	0	0
Grand River Commerce, Inc.	Common	386441109	835	189,819	SH		SOLE		189,819	0	0
GrandSouth Bancorporation	Common	386627301	1,227	94,400	SH		SOLE		94,400	0	0
HBT Financial, Inc.	Common	404111106	6,151	584,114	SH		SOLE		584,114	0	0
Howard Bancorp, Inc.	Common	442496105	472	43,427	SH		SOLE		43,427	0	0
Iberiabank Corp	Common	450828108	1,621	44,839	SH		SOLE		44,839	0	0
Investar Holding Corporation	Common	46134L105	9,419	737,594	SH		SOLE		737,594	0	0
John Marshall Bank	Common	47805L101	1,677	152,275	SH		SOLE		152,275	0	0
Kentucky Bancshares, Inc.	Common	491203105	2,260	128,424	SH		SOLE		128,424	0	0
Kingstone Companies, Inc.	Common	496719105	503	98,456	SH		SOLE		98,456	0	0
Lakeland Bancorp, Inc.	Common	511637100	14,073	1,301,827	SH		SOLE		1,301,827	0	0
Ledyard Financial Group, Inc.	Common	523338101	588	30,951	SH		SOLE		30,951	0	0
Level One Bancorp, Inc.	Common	52730D208	9,904	550,205	SH		SOLE		550,205	0	0
Lewis & Clark Bank	Common	527584106	191	10,365	SH		SOLE		10,365	0	0
Limestone Bancorp, Inc.	Common	53262L105	3,842	344,846	SH		SOLE		344,846	0	0
Luther Burbank Corporation	Common	550550107	2,870	313,000	SH		SOLE		313,000	0	0
MainStreet Bancshares, Inc.	Common	56064Y100	9,854	587,941	SH		SOLE		587,941	0	0
Malvern Bancorp, Inc.	Common	561409103	5,802	473,642	SH		SOLE		473,642	0	0
McHenry Bancorp, Inc.	Common	580683100	1,350	15,000,000	SH		SOLE		15,000,000	0	0
Mercantile Bank Corporation	Common	587376104	14,707	694,732	SH		SOLE		694,732	0	0
Merchants Bancorp	Common	58844R108	6,350	418,298	SH		SOLE		418,298	0	0
Merchants Financial Group, Inc.	Common	588538108	6,497	106,949	SH		SOLE		106,949	0	0
Meridian Bank	Common	58958P104	7,660	559,964	SH		SOLE		559,964	0	0
Meridian Interstate Bancorp	Common	58958U103	2,609	232,570	SH		SOLE		232,570	0	0
Metro Phoenix Bank	Common	59165E106	2,167	217,767	SH		SOLE		217,767	0	0
Metropolitan Bank Holding Corp.	Common	591774104	5,025	186,592	SH		SOLE		186,592	0	0
Mid Penn Bank	Common	59540G107	1,523	75,222	SH		SOLE		75,222	0	0
Middlefield Banc Corp.	Common	596304204	818	51,748	SH		SOLE		51,748	0	0
MidWestOne Financial Group, Inc.	Common	598511103	895	42,764	SH		SOLE		42,764	0	0
Mission Valley Bancorp	Common	60520E104	2,520	255,840	SH		SOLE		255,840	0	0
Mountain Commerce Bancorp	Common	624004107	5,862	450,953	SH		SOLE		450,953	0	0
MVB Financial Corp.	Common	553810102	2,654	208,134	SH		SOLE		208,134	0	0
Northway Financial, Inc.	Common	667270201	5,043	207,523	SH		SOLE		207,523	0	0
NorthWest Indiana Bancorp	Common	667516108	1,625	51,584	SH		SOLE		51,584	0	0
Oak Ridge Financial Services, Inc.	Common	671768109	2,557	224,311	SH		SOLE		224,311	0	0
Oak Valley Bancorp	Common	671807105	4,797	304,734	SH		SOLE		304,734	0	0
Old Second Bancorp, Inc.	Common	680277100	14,031	2,030,600	SH		SOLE		2,030,600	0	0
Orange County Bancorp	Common	68417L107	4,777	191,083	SH		SOLE		191,083	0	0
Oregon Pacific Bancorp	Common	686040205	2,984	601,586	SH		SOLE		601,586	0	0
Origin Bancorp Inc.	Common	68621T102	7,466	368,708	SH		SOLE		368,708	0	0
Pacific Financial Corporation	Common	694275108	3,040	468,366	SH		SOLE		468,366	0	0
Pacific Mercantile Bancorp	Common	694552100	4,705	998,884	SH		SOLE		998,884	0	0
Pacific West Bank	Common	69506W202	2,275	185,715	SH		SOLE		185,715	0	0
Peapack-Gladstone Financial Corporation	Common	704699107	16,551	922,088	SH		SOLE		922,088	0	0
Peoples Bancorp	Common	70979X107	2,141	12,237	SH		SOLE		12,237	0	0
People's Bank of Commerce	Common	710311101	988	92,548	SH		SOLE		92,548	0	0
Pilot Bancshares, Inc.	Common	721530103	1,967	771,429	SH		SOLE		771,429	0	0
Pinnacle Bancshares, Inc.	Common	722903101	1,032	42,367	SH		SOLE		42,367	0	0
Pinnacle Bank	Common	72346K107	2,304	305,566	SH		SOLE		305,566	0	0
Pinnacle Bankshares Corporation	Common	72345E102	2,004	87,130	SH		SOLE		87,130	0	0
Pioneer Bancshares, Inc	Common	72357G102	360	20,000	SH		SOLE		20,000	0	0
Potomac Bancshares, Inc.	Common	737643106	514	49,405	SH		SOLE		49,405	0	0
Prime Meridian Holding Company	Common	74164R107	1,313	93,417	SH		SOLE		93,417	0	0
Private Bancorp of America, Inc.	Common	74274F100	6,837	525,909	SH		SOLE		525,909	0	0
Professional Holding Corp.	Common	743139107	1,595	100,000	SH		SOLE		100,000	0	0
PSB Holdings, Inc.	Common	69360N108	6,244	252,263	SH		SOLE		252,263	0	0
QCR Holdings, Inc.	Common	74727A104	4,602	169,996	SH		SOLE		169,996	0	0
QNB Corp.	Common	74726N107	4,071	134,364	SH		SOLE		134,364	0	0
Red River Bancshares, Inc.	Common	75686R202	1,241	33,334	SH		SOLE		33,334	0	0
Reliant Bancorp, Inc.	Common	75956B101	3,644	323,364	SH		SOLE		323,364	0	0
Republic First Bancorp, Inc.	Common	760416107	4,699	2,145,576	SH		SOLE		2,145,576	0	0
Revere Bank	Common	761402106	5,036	223,617	SH		SOLE		223,617	0	0
River City Bank	Common	76803X106	4,299	27,057	SH		SOLE		27,057	0	0
Riverview Bancorp, Inc.	Common	769397100	803	160,316	SH		SOLE		160,316	0	0
Riverview Financial Corporation	Common	76940Q105	2,784	430,292	SH		SOLE		430,292	0	0
Salisbury Bancorp, Inc.	Common	795226109	666	21,497	SH		SOLE		21,497	0	0
Sandy Spring Bancorp Inc.	Common	800363103	13,764	607,968	SH		SOLE		607,968	0	0
Santa Cruz County Bank	Common	801827106	3,807	105,018	SH		SOLE		105,018	0	0
SB One Bancorp	Common	78413T103	14,270	839,425	SH		SOLE		839,425	0	0
Seacoast Banking Corporation of Florida	Common	811707801	3,278	179,042	SH		SOLE		179,042	0	0
Select Bancorp, Inc.	Common	81617L108	649	85,000	SH		SOLE		85,000	0	0
Sevier County Bancshares, Inc.	Common	81817P206	3,343	217,675	SH		SOLE		217,675	0	0
Shore Bancshares, Inc.	Common	825107105	6,173	568,916	SH		SOLE		568,916	0	0
Sierra Bancorp	Common	82620P102	4,279	243,383	SH		SOLE		243,383	0	0
Silvercrest Asset Management Group Inc.	Common	828359109	5,230	552,858	SH		SOLE		552,858	0	0
SmartFinancial, Inc.	Common	83190L208	8,710	572,643	SH		SOLE		572,643	0	0
Solvay Bank Corporation	Common	83441Q105	623	19,309	SH		SOLE		19,309	0	0
South Atlantic Bancshares, Inc.	Common	83636T104	3,185	362,388	SH		SOLE		362,388	0	0
South Plains Financial, Inc.	Common	83946P107	3,252	209,919	SH		SOLE		209,919	0	0
SouthCrest Financial Group, Inc.	Common	84129X107	552	78,368	SH		SOLE		78,368	0	0
Southern BancShares (N.C.), Inc.	Common	842243107	6,663	2,066	SH		SOLE		2,066	0	0
Southern First Bancshares, Inc.	Common	842873101	19,156	675,212	SH		SOLE		675,212	0	0
Southern National Bancorp of Virginia,Inc.	Common	843395104	12,036	1,223,187	SH		SOLE		1,223,187	0	0
Southern States Bancshares, Inc.	Common	843878109	3,134	232,143	SH		SOLE		232,143	0	0
SouthPoint Bancshares, Inc.	Common	844647107	1,782	104,826	SH		SOLE		104,826	0	0
Spirit of Texas Bancshares, Inc.	Common	84861D103	6,832	660,705	SH		SOLE		660,705	0	0
Sterling Bancorp, Inc.	Common	85917W102	2,574	598,689	SH		SOLE		598,689	0	0
Summit State Bank	Common	866264203	1,415	177,051	SH		SOLE		177,051	0	0
Suncrest Bank	Common	86723G109	7,769	989,630	SH		SOLE		989,630	0	0
Surrey Bancorp	Common	86888W105	708	69,785	SH		SOLE		69,785	0	0
Synovus Financial Corp.	Common	87161C501	4,150	236,320	SH		SOLE		236,320	0	0
TGR Financial, Inc.	Common	87243P108	3,998	462,195	SH		SOLE		462,195	0	0
Three Shores Bancorporation, Inc.	Common	885753103	1,140	190,000	SH		SOLE		190,000	0	0
Town and Country Financial Corporation	Common	892039108	218	10,914	SH		SOLE		10,914	0	0
Tri City Bankshares Corporation	Common	895364107	1,380	89,223	SH		SOLE		89,223	0	0
TriState Capital Holdings, Inc.	Common	89678F100	11,580	1,197,549	SH		SOLE		1,197,549	0	0
Triumph Bancorp, Inc.	Common	89679E300	12,526	481,781	SH		SOLE		481,781	0	0
Two Rivers Financial Group, Inc.	Common	90206L106	2,076	83,041	SH		SOLE		83,041	0	0
United Bancorporation of Alabama, Inc.	Common	90944R100	876	40,000	SH		SOLE		40,000	0	0
United Insurance Holdings Corp.	Common	910710102	270	29,269	SH		SOLE		29,269	0	0
Unity Bancorp, Inc.	Common	913290102	9,740	832,478	SH		SOLE		832,478	0	0
Univest Financial Corporation	Common	915271100	2,228	136,526	SH		SOLE		136,526	0	0
Veritex Holdings, Inc.	Common	923451108	7,995	572,310	SH		SOLE		572,310	0	0
Village Bank and Trust Financial Corp.	Common	92705T200	924	36,538	SH		SOLE		36,538	0	0
Virginia National Bankshares Corp.	Common	928031103	280	10,784	SH		SOLE		10,784	0	0
W.T.B. Financial Corporation	Common	929334209	11,364	43,625	SH		SOLE		43,625	0	0
Wellesley Bancorp, Inc.	Common	949485106	2,539	92,171	SH		SOLE		92,171	0	0
WesBanco, Inc.	Common	950810101	2,060	86,934	SH		SOLE		86,934	0	0
West Suburban Bancorp, Inc.	Common	956152409	2,528	6,020	SH		SOLE		6,020	0	0
Westbury Bancorp, Inc.	Common	95727P106	2,463	114,570	SH		SOLE		114,570	0	0
White River Bancshares Company	Common	96445A108	1,790	36,751	SH		SOLE		36,751	0	0
York Traditions Bank	Common	987159100	3,453	242,499	SH		SOLE		242,499	0	0